Adelson Family Freed Up $2B For Stake In Dallas Mavericks

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Miriam Adelson is selling her $2 billion stake in the Las Vegas Sands Corporation — and plans to enter the world of professional sports.

according to Stein’s line, the family plans to buy a large stake in the NBA’s Dallas Mavericks. The report also revealed that Mark Cuban will oversee the franchise’s operations.

Sands announced The action taken late Tuesday with the SEC Filing Adelson indicates that he plans to use the money from the sale — in addition to cash on hand — to buy a professional sports team.

It represents 2 billion dollars approx Her husband, Sheldon, Adelson’s 10% stake in the company, which she inherited after his death in 2021.

While there have been no formal hints or announcements about the sports team Adelson will buy, her presence in Las Vegas suggests she may be in the market to own one.

The Las Vegas Raiders (NFL), Vegas Golden Knights (NHL) and Las Vegas Aces (WNBA) already call the city home with stable ownership and relative success. The latter two were champions in their respective leagues.

Major League Baseball soon approved The Oakland A’s move to Vegas follows public scrutiny of the club’s ownership. The NBA has long teased that the city is on the map for expansion in the coming years.

according to ForbesAdelson is the fifth richest American woman with a fortune of over $32 billion.

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